nLIGHT (LASR) Projected to Post Earnings on Thursday

nLIGHT (NASDAQ:LASR) is anticipated to post its quarterly earnings results after the market closes on Thursday, February 27th. Analysts expect nLIGHT to post earnings of ($0.21) per share and revenue of $46.62 million for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

nLIGHT Price Performance

Shares of NASDAQ:LASR opened at $10.72 on Thursday. The company has a market capitalization of $519.17 million, a PE ratio of -10.41 and a beta of 2.18. The business has a fifty day moving average price of $10.82 and a two-hundred day moving average price of $11.05. nLIGHT has a 1 year low of $9.15 and a 1 year high of $14.73.

Analyst Upgrades and Downgrades

LASR has been the subject of several research reports. Stifel Nicolaus cut their price target on nLIGHT from $17.00 to $14.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. Needham & Company LLC cut their price target on nLIGHT from $16.00 to $14.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st.

Insider Buying and Selling

In related news, CFO Joseph John Corso sold 2,500 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $10.92, for a total transaction of $27,300.00. Following the sale, the chief financial officer now owns 155,129 shares of the company’s stock, valued at approximately $1,694,008.68. This represents a 1.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Scott H. Keeney sold 12,013 shares of the stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $9.96, for a total value of $119,649.48. Following the sale, the chief executive officer now directly owns 1,340,146 shares in the company, valued at $13,347,854.16. This trade represents a 0.89 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,019 shares of company stock valued at $331,365. Corporate insiders own 6.10% of the company’s stock.

About nLIGHT

nLIGHT, Inc designs, develops, manufactures, and sells semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. The company operates in two segments, Laser Products and Advanced Development. It offers semiconductor lasers with various ranges of power levels, wavelengths, and output fiber sizes; and programmable and serviceable fiber lasers for use in industrial and aerospace and defense applications.